We all want progress in life. We are all after success. Things has been happening and they will continue happening.
I don't see any problem with #VAT going up. VAT - Value Added Tax was introduced in 1978 under the name GST - General Sales Tax.
I don't see any problem with #VAT going up. VAT - Value Added Tax was introduced in 1978 under the name GST - General Sales Tax.
- 03/07/1978 at 4%
- 01/03/1982 at 5%
- 01/09/1982 at 6%
In 1982 it was increased twice.
- 01/02/1984 at 7%
- 01/07/1984 at 10%
In 1984 it was increased twice by 3%? Was life expensive then?
- 25/03/1985 at 12%
2% increase in 1985
- 08/05/1989 at 13%
- 30/09/1991 at 10% now been called VAT
- 07/04/1993 at 14%
In 1993 we were used to 13% there is no problem.
25 years later #VAT goes up by 1% you want to complain? We want development.
Education will be free but it want finances.
Electricity was not offered to all.
School feeding schemes were not offered to all.
Government houses was not offered to all.
Those who complain about #VAT going up must really get there fact straight. I continue by saying they don't want development. In 1983 I use to buy loaf of bread at 0.35 cents now in 2018 is at R13,00. I think is the price they can complain about. Leave #VAT alone.
More about Taxes at https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/6922/Tax%20Chronology.pdf
